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Prosus

Prosus Staying Rangebound?Prosus - Short Term - We look to Buy at 68.11 (stop at 65.01) We look to buy dips. Trading within the Channel formation. Previous support located at 68.00. Previous resistance located at 80.00. The bias is still for higher levels and we look for any dips to be limited. Our profit targets will be 77.39 and 80.50 Resistance: 80.00 / 90.00 / 100.00 Support: 68.00 / 65.00 / 60.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:PRXLong
by Saxo
Our Club PortfolioLast year, on the 14th December 2020 we wrote an article about our Investment Club software and our in-house company portfolio which we run on that software. As we said in that article, running this portfolio has proved to be a highly motivating exercise for our staff. Since 14 December last year, there has been just one change to the portfolio, when the Clicks share price fell at the beginning of 2021, we decided to take advantage of the situation and bought additional shares – which brought our average cost for Clicks down. Aside from this one change, the portfolio has remained the same. Capitec has appreciated sharply as that company increased its market share and continued to grow rapidly. Our investment has grown by 31% since December last year and is now up over 100% since we first acquired the shares. Capitec has been a been a remarkable investment since it was listed in 2002 growing a hundred-fold from 180c to R1800 per share. Consider it's chart. Transaction Capital is up almost 60% over the 10 months since December 2020 and we believe it will continue to grow. Its two primary businesses - mini-bus taxis and buying up debtors’ books - are both likely to continue benefiting from the conditions that prevail in South Africa. The company is very well run and conservatively managed. Prosus has fallen out of favour with institutional investors since we bought our shares mainly because of the clamp-down by Chinese authorities on the business of Tencent and also because of the recent highly complex transaction that Prosus executed with its parent company Naspers. We think that both of these negatives will cease to impact the share price in time and that Prosus will continue to release shareholder value and benefits from its acquisitions (like the recent acquisition of BillDesk in India). It is our intention to buy more Prosus shares when we have sufficient funds so as to bring our average cost down. We regard Clicks as an iconic share which should be accumulated on any weakness and should be a part of any portfolio. The company has proved that it is almost immune to national calamities like the pandemic and the civil unrest of July. We were happy to buy more of these shares at the lower prices which prevailed in March this year. We regard it as a highly defensive and conservatively managed growth share that will continue to expand its store base and grow steadily. Afrimat is somewhat risky because it is exposed to commodity prices, but the company has executed an amazing transition from being a construction company to being a producer of base metals and minerals. Other construction companies, like Aveng and Murray & Roberts, were gutted by the destruction of the construction industry following the 2010 World Cup. Afrimat has managed to completely re-invent itself showing remarkable perspicacity and management acumen. You can see that our approach is typical Warren Buffett. We try to find high-quality blue-chip shares and buy them when they are out of favour with the big institutions. We are not in any sense traders, we are investors. Like Buffett, when one of our shares falls, we celebrate because that enables us to buy more at lower prices and bring our average cost down. We did that with Clicks, and we are about to do it with Prosus. Overall, the portfolio is up just over 40% since its inception and the whole process of running an investment club has become highly motivating for our staff. DISCLAIMER All information and data contained within the PDSnet Articles is for informational purposes only. PDSnet makes no representations as to the accuracy, completeness, suitability, or validity, of any information, and shall not be liable for any errors, omissions, or any losses, injuries, or damages arising from its display or use. Information in the PDSnet Articles are based on the author’s opinion and experience and should not be considered professional financial investment advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Thoughts and opinions will also change from time to time as more information is accumulated. PDSnet reserves the right to delete any comment or opinion for any reason.
JSE:CPI
by PDSnet
Sell signal Prosus N.V. Just entered a short position in EURONEXT:PRX . Entry @ 87,75 Stop @ 91,20 (-3,9%) Target @ 75,20 (+14,3%) There's long term divergence MACD (sell signal given) and RSI (sell signal given). DMI confirms with a DI - > DI + and ADX rising; confirming downtrend. At the moment there's some gap filing going on, it's just waiting for the red rising support line to be broken and the next down gap to be made ... Target is the support @ 75,20 which has been formed with big volume, so I assume it's kind of solid.
EURONEXT:PRXShort
by Optiveren